Contact Us 6 Types of Bribery Charges You May Be Facing Bribery and other forms of financial kickbacks often come to mind when the discussion concerns corrupt public officials, but bribery charges are commonplace in the world of business as well. If you are a public servant, banker or the owner or agent of a commercial business, it is highly recommended that you become familiar with current bribery laws. A bribery conviction is punishable by incarceration and financial penalties.
Menu Bribery Bribery is a white collar crime in which money, a favor or something else of value is promised to, given to, or taken from an individual or corporation in an attempt to sway his or its views, opinions, or decisions. For example, if an electoral candidate offered bottles of liquor in exchange for votes, it would be considered a bribe, and therefore, a crime.
The public official may also be prohibited from holding any political or government office in the United States. Bribery of a Foreign Official Inthe U. Congress passed The Foreign Corrupt Practices Act, which made it illegal for an American corporation to bribe a foreign government official with money or gifts in hopes of landing or maintaining important business contacts.
According to the act, all publicly traded companies must keep records of all business transactions—even if the companies do not trade internationally—to ensure that this act is not being violated. However, in the act, there are loopholes of which many U.
If any representative of a bank accepts a bribehe will be fined three times the value of the incentive, or he will be imprisoned for not more than thirty years.
If a bank official is offered a bribe, he must disclose all information to the bank so that the situation may be addressed appropriately.
Industries Prone to Bribery Kickbacks are often associated with government fraud. The crime is committed in a variety of settings, however, including the healthcare industry and employee benefit or pension plans.
A pharmaceutical or medical device company might offer free training or other benefits to doctors who prescribe its drug. A benefit or pension provider might provide cash or another bonus to brokers who convince companies to choose their services over those of another provider.
Punishments for Bribery Issuing or accepting bribes is a serious crime that may result in heavy fines or several years in prison. Both civil and criminal charges can be levied against those suspected of being involved in kickback schemes. The Anti-Kickback Act of prohibits government contractors and subcontractors from issuing or accepting kickbacks.
Contact an Attorney If you have been accused of bribery, please contact a criminal defense attorney in your area.Petty corruption is bribery in connection with the implementation of existing laws, rules and regulations, and thus different from “grand” or political corruption.
Petty corruption refers to the modest sums of money usually involved, and has also been called “low level” and “street level” to name the kind of corruption that people. A state of unrestrained political corruption is known as a kleptocracy, literally meaning "rule by thieves".
Some forms of corruption – now called "institutional corruption"  – are distinguished from bribery and other kinds of obvious personal gain. How Bribery and Other Types of Corruption Threaten the Global Marketplace - Download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online. Scribd is the world's largest social reading and publishing site.
Police corruption is the misuse of police authority for personal gain. This lesson discusses the different types of police corruption, causes of corruption, and some methods for ending corruption.
These types of offenses are startlingly common in the corporate world, and recent estimates indicate that global businesses pay approximately $1 trillion in bribes to public officials each year. These bribes are more than unethical; they are completely illegal.
Other federal laws and regulations address certain specific types of bribery not involving government workers such as Section of the Federal Alcohol Administration Act, which prohibits bribery of trade buyers of alcohol.